Varonis Systems, Inc. $VRNS Shares Bought by California State Teachers Retirement System

Key Points

• Institutional ownership increased: California State Teachers Retirement System raised its Varonis Systems stake by 23.1% to 132,215 shares, while institutional investors and hedge funds collectively own 95.65% of the stock.
• Analysts remain broadly bullish: Seventeen analysts rate VRNS a Buy, six rate it Hold and one rates it Sell, resulting in a “Moderate Buy” consensus and an average price target of $49.05.
• Quarterly results exceeded expectations: Varonis reported adjusted EPS of $0.04 versus the $0.01 consensus and revenue of $180.02 million, up 18.3% year over year, though the company continues to report negative net margins and return on equity.

California State Teachers Retirement System boosted its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 23.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,215 shares of the technology company's stock after purchasing an additional 24,775 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Varonis Systems worth $2,839,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. American Capital Management Inc. raised its stake in shares of Varonis Systems by 54.3% during the 1st quarter. American Capital Management Inc. now owns 2,328,379 shares of the technology company's stock worth $49,990,000 after buying an additional 819,340 shares during the period. Quantinno Capital Management LP lifted its position in shares of Varonis Systems by 59.0% during the 1st quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company's stock valued at $1,650,000 after buying an additional 28,512 shares in the last quarter. Senvest Management LLC grew its stake in Varonis Systems by 406.1% in the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company's stock valued at $31,109,000 after acquiring an additional 1,162,651 shares during the period. Renaissance Technologies LLC grew its stake in Varonis Systems by 848.3% in the 1st quarter. Renaissance Technologies LLC now owns 384,625 shares of the technology company's stock valued at $8,258,000 after acquiring an additional 344,064 shares during the period. Finally, Oribel Capital Management LP purchased a new stake in Varonis Systems in the 1st quarter worth $3,549,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VRNS has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $55.00 target price (up from $35.00) on shares of Varonis Systems in a research report on Friday, July 24th. Robert W. Baird boosted their target price on shares of Varonis Systems from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. New Street Research restated a "buy" rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Finally, Truist Financial upped their price target on shares of Varonis Systems from $34.00 to $52.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.05.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $43.52 on Monday. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. The stock's fifty day moving average is $40.31 and its two-hundred day moving average is $30.97. The firm has a market capitalization of $5.00 billion, a P/E ratio of -35.38 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. The business had revenue of $180.02 million during the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. Research analysts expect that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company's flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.

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